tariffs are taxes paid on imports, paid by those who import them.
The importing company just adds the tariffs to their sales price. Tariffs are paid by the last one in the chain, the customer. That’s why it’s like a sales tax.
You’re right that that’s an option, but increasing the price of various goods can make them unaffordable or unappealing. I know I changed my habits as soon as eggs went over $4 a dozen.
The importing company just adds the tariffs to their sales price. Tariffs are paid by the last one in the chain, the customer. That’s why it’s like a sales tax.
You’re right that that’s an option, but increasing the price of various goods can make them unaffordable or unappealing. I know I changed my habits as soon as eggs went over $4 a dozen.